By Brian L. Milne, Refined Fuels Editor, Telvent DTN “Say it ain’t so Joe,” references a line in a movie from a young fan to “Shoeless” Joe Jackson on revelation eight members of the White Sox conspired to lose the 1919 World Series. Drivers in the U.S. might be singing a similar phrase about gasoline [...]
Kyle’s Kwik Stop Corner Markets in east Texas is testing a new business model by emphasizing the local community. By Megan Wilkinson, Assistant Editor. On the outside, Kyle’s Kwik Stop’s latest store looks like a simple c-store. Yet, step inside the Longview, Texas unit and customers get a taste of the neighborhood from its breakfast [...]
Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for [...]
Numerous class-action lawsuits have been filed across the U.S. in 26 states, the District of Columbia and Guam, alleging oil companies and fuel retailers improperly profited from the sale of hot fuel. In a victory for QuikTrip, 7-Eleven and Kum & Go—three c-store retailers in a “hot fuel” lawsuit—a federal jury in Kansas City, Kan. [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After 10 weeks with an advance the U.S. retail gasoline price average should decline, which would make it the first decrease in the national average since June. During its staircase rise, the Energy Information Administration’s weekly average has surged 49.1cts or 14.6% to a $3.847 gallon [...]
By Brian L. Milne, Refined Fuels Editor for Telvent DTN. Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week ended Sept. 10, with supply tightness in some parts of the country bolstering values while other regions saw their costs decline on fading demand and the switch away from the more [...]
“We’re responding to repeated requests from area residents who have been asking us to open a Parker’s in Rincon,” says Parker’s CEO. Parker’s Convenience Stores recently announced plans to build a new state-of-the-art convenience store in Rincon, Ga. The newest Parker’s, located at the site of the former Springfield Ford dealership on Hwy. 21, will [...]
By John Matthews, founder of Gray Cat Enterprises Inc. It was the situation that everyone dreads. Out of the blue, the anxiety-filled request was made—the CEO had summoned me to his office. Thoughts raced through my head—mostly bad thoughts, mind you—of why I was being asked to join him and the COO in an impromptu [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The uptrend in retail gasoline prices that began at the start of July still has legs, set to advance even as the summer travel season in the U.S. comes to an end with Labor Day, and as fuel specifications for gasoline ease to lower the production [...]
“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO. Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum. Maxum will continue to operate as an independent [...]
Isaac spares oil refineries in Gulf, yet prices continued to climb over Labor Day weekend. Over Labor Day weekend millions of Americans hit the open road, but with gas prices spiking toward $4 per gallon, many elected to stay home. The oil companies blame Hurricane Isaac for causing the sudden inflation, but the increases continue [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed countrywide in moving into the second half of August, with some markets, notably the greater Chicago market in the upper Midwest, posting steeply lower values after a surge in those prices in late July early August. Wholesale costs in the broad [...]
Sealed-bid process starts Wednesday, Aug. 15 and ends Oct. 18. Convenience store giant 7-Eleven is renovating a former Wilson Farms store on Denison Parkway in Corning, N.Y., scheduled for completion this fall, and preparing to divest 30 more, The Leader Online reported. 7-Eleven bought Buffalo, N.Y.-based Wilson Farm’s 188-store New York network last year from [...]
South Dakota legislation continues to review rules on allowing the sale of 85-octane gasoline in the western half of the state. The proposed rule allowing the sale of 85-octane gasoline in western South Dakota is still in discussion as of Tuesday when a state legislative committee could not gain enough votes to approve or block [...]